EurAnalysis

Share with us oh wise one :

I also think its chf/usd failed double top at 98.00 instead topping out at 96.00.. Perhaps retest the 71.00 level?

Out at 1.3300 for +27 (damn 3 pip spread!)

Here a potential inverted Head & Shoulder being drawn. It's trying to post the right shoulder and the red trendline is the neck line. A break of that will most likely send the EUR/USD to around 1.3386 (which is my now red resistance line on other chart I posted earlier).

ADD: Looked at chart again after posting and geewhiz! Damn technicals, you can never count on them! :rofl

Tomorrow's econ data releases... Not much to write home about.

Equities are getting crowded on the top side and it's time for a correction.

That, if it happens, is Euro negative all the way. I don't expect a collapse but there will be profit taking tomorrow. Watch out below as it seems we are heading to the low 1.32xx region tomorrow. Let's see if my crystal ball is functioning properly.

Where can I check equities online?

Thanks

Dane

You can look at StockWatch http://www.stockwatch.com/
or StockCharts http://stockcharts.com/

FXstreet.com (Córdoba) - Crude oil futures gained Thursday, picking up momentum during the American afternoon to hit its highest level since May 4 at $110.53 a barrel amid unconfirmed reports of Saudi pipeline explosion. At time of writing, crude for April delivery is quoting at $109.70, up 2.5% on the day.

Great thanks

D

http://www.ekathimerini.com/4dcgi/_w...03/2012_430710EU gives conditional nod to bailout

Ministers say Greece met most bailout terms but only agree to release funds for PSI for nowhttp://wwk.kathimerini.gr/kathnews/images/dot_clear.gif

http://sup.kathimerini.gr/kath/engs/...ny_390_103.jpg http://wwk.kathimerini.gr/kathnews/images/dot_clear.gif Eurozone finance ministers agreed on Thursday that Greece had met most of the demands set by creditors for a new 130-billion-euro bailout but said that at this stagethey would only release funding needed to secure a scheme aimed at reducing Greece’s debt, known as PSI (for private sector involvement).
Ministers, who met in Brussels ahead of a European Union leaders’ summit, were satisfied by a slew of new laws and measures approved in Athens over the past week, according to the head of the Eurogroup, Jean-Claude Juncker.

“Ministers note with satisfaction that Greece took swift and decisive action in the areas of fiscal consolidation, revenue administration, pension reform, financial sector regulation and supervision and growth-enhancing structural reforms,” Juncker said in a statement. He added, however, that creditors would determine in coming days whether “prior actions” demanded of Greece had been transposed into law.
Juncker said ministers had given the green light for the eurozone’s crisis fund to issue 30 billion euros’ worth of bonds for use as “sweeteners” for private investors taking part in the PSI. But he said that no more aid would be released until the PSI is completed successfully.

It is expected that finance ministers will hold a teleconference call next week to decide upon granting the final approval for the Greek bailout. The call is likely to be held on March 9, when the Greek government is set to announce the result of its offer to bondholders.

Prime Minister Lucas Papademos joined his peers for the EU summit on Thursday night and was expected to stress the need for measures to boost growth. The premier also held talks on the sidelines of the summit with his counterpart from the Former Yugoslav Republic of Macedonia, Nikola Gruevski, on a bilateral dispute regarding the Balkan state’s name. Papademos’s office said both leaders had expressed “the political will for the continuation of negotiations mediated by the United Nations aimed at finding a mutually acceptable solution.”

The leader of conservative New Democracy, Antonis Samaras, was also in Brussels on Thursday for a meeting of the European People’s Party and met with Juncker and German Chancellor Angela Merkel. Samaras also stressed the need to boost growth and liquidity.

PASOK leader George Papandreou, in Brussels for a meeting of the Party of European Socialists, said Europe was finally showing understanding of the need to balance austerity with growth.
ekathimerini.com , Thursday March 1, 2012 (22:52)

The first chart is of the S&P 500 from 1973 to the present. The current rally has stalled right at a multi-year line of resistance, and a potential A-B-C pattern in a long-term channel suggests a return visit to the March '08 lows around 666, or perhaps even lower.

http://imagesize.financialsense.com/...-1973-2012.jpg

Anything more than 5 years on a TA side is completely irrelevent. I can point out anything I want with given time frame going back to sticks and stones (otherwise known as pre-computer trading).

EUR/USD updated
Sell at 1.3349
Take profit* at 1.3302
Stop loss at 1.3382

What's your daily chart showing? Is it Doji on yesterday candle?

yes it is Harpe. Now we have to wait and see if we break the high or the low.
We will know when london starts trading in 44 mins

ADD: Keep in mind that the EU summit is still ongoing so I expect statements from the leaders and finance ministers later today. Since this is currently a news driven market, depending on what is said today, this pair could get whipsawed. So be careful with your entries. Keep tight stops.

http://www.forexfactory.com/showthre...77#post5434477

To break the high or the low of yesterday? If it breaks the low of yesterday then that means its will go south?

Edit: which it did

Keep in mind that the EU summit is still ongoing so I expect statements from the leaders and finance ministers later today. Since this is currently a news driven market, depending on what is said today, this pair could get whipsawed. So be careful with your entries. Keep tight stops.

Yes bro on my charts daily was broken on 29/02/12 when it broke the level of 1.3460 but i was mainly pointing and asking about yesterday candle...

Its a Slim Candle buddy